Energy tech leader Limejump has enjoyed further FFR auction success, highlighting the increasing role flexible energy sources have to play in the UK energy markets. Limejump was selected to provide 49MW of the total 53MW selected in the Fully Dynamic FFR Tender, 92% of the total Dynamic volume awarded in the latest auction.
What are TRIADs? A TRIAD period is one of three half hourly periods of maximum demand that occur between November and February each year. Each TRIAD period must be separated by at least 10 days. They occur in winter evenings, around 16.30 and 18.30, when industrial demand coincides with residential demand.
Stunning results deliver on Limejump’s market optimisation ability. Following on from the latest successful FFR auction results, Limejump has proven their expertise across another market with its latest Capacity market Prequalification results.
Limejump Dominates FFR Auction Results, Claiming 84% of the Fully Dynamic Volume Awarded in October’s Tender
Limejump’s success in National Grid’s most recent auction continues to provide distributed sources of energy generation with access to potentially revenue-generating markets. These encouraging results illustrate that renewable generation not only creates a better environment, it also provides business opportunities for developers to achieve ROI.
Limejump enjoyed wider award recognition this week as the Energy Tech leader was awarded the Energy Showcase prize at the WIRED Smarter event held at Kings Place London.
Energy markets have undergone significant changes in just a few years. Gone are the days when the country relied on large power plants to supply energy to households. Just ten years ago, coal-fired power plants supplied 34% of the UK’s electricity. But this has plummeted to just 6.7% in 2017, as the government’s pledge to force unabated coal power off the UK grid by 2025 bites. Generation from renewable sources meanwhile hit 29%.
Limejump enters the UK Balancing Mechanism Market increasing competition with the Big 6 and other major power plants
Smaller generators, Demand Response Sites and Battery Storage can now access the National Grid Balancing Mechanism market through Limejump’s advanced technology.
Energy tech leader Limejump has announced the additions of Sameer Vartak joining as Chief Technology Officer and Dan Perrett as their new Finance Director.
Limejump today announced that with the recent commissioning of an additional 20 MW of National Grid tested battery storage completed this week, adding to their current portfolio under management,
Technological innovation in the energy industry is not a choice anymore, it is essential. We must stop thinking of ourselves as energy companies. To thrive today, harnessing the abilities and tools of today’s world, we need to be Tech companies that focus on Energy.
Limejump is working with Smartklub in consolidation with two energy programmes – the Sustainable Community Energy Networks (SCENe) and the Energy Research Accelerator (ERA) – as part of a community energy scheme.